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The business concept was first mentioned in literature in the s but was officially coined in the s after a person by the name of Charles Ponzi. House Committee on Financial Services. Bitcoins are completely unsuitable for monetary purposes, they sustain no economic activity, are unsuitable to transact in as a unit of exchange, and can can never perform any function beyond an empty speculative bubble.
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Cryptocurrency trades non-stop, 24 hours per day, days per year. The crypto markets never close, which means traders and investors can always execute crypto. Cryptocurrency markets are open 24 hours a day, seven days a week, so you can trade bitcoin on the weekend. Does Bitcoin Go Up on the Weekends?
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Read MoreSo, so, so grateful to be�. That all depends on the day. To receive our free newsletter , contact us here. Any single winner is necessarily paid out by multiple losers. However many people are simply desperate, swept up in the craze, trend following or simply ignorant of the underlying economic structure. Gambling is consumption and, unlike in productive enterprises, nothing of value is created from the process.